end of World War Two, Korea was liberated
Korea was then split in two
The Korean War was suddenly on.
North Korea invaded South Korea.
what was South Korea like at the end of the Korean War?
place that is devastated
transitioning to a democracy
It's a place that people have very little hope internally of progressing.
import substitution industrialization
vehicle for corruption.
Park Chung-hee, comes to power
his goal for South Korea is to develop its way out of poverty
five-year plans, they start an all-out export promotion push,
Park got rid of import-substitution industrialization as a development strategy. He wanted to switch to using exports and trade to help the country grow instead
didn't really focus on any industry specifically
rather sophisticated export promotion policy.
promoted was the labor- intensive manufacturing industries
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